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into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? whats it matter for us? >> its interesting because ppi doesnt get as much attention as the consumer price index, but its really important because its factory level inflation, what producers are experiencing, and we know what compa...

join us coming up. >> john: first fox news alert to an economy in crisis. americans crushed on high prices from gas to food while their retirement accounts evaporate. growing concerns a dramatic move by the fed on interest rates could send the economy spiralling into recession. john roberts in washington. sandra. great to have you back. >> sandra: i am sandra smith in new york. this is "america reports." we are watching all of this, brand-new numbers today from may painting a bleak pic...

like because it in effect puts a border down the irish sea. now on bbc news, its time for political thinking with nick robinson. hello and welcome to political thinking, a conversation with rather than interrogation of someone whose political thinking shapes all of ours. this week my guest is a symbol of the modern labour party, a symbol if you like of a party of two eras. on the one hand, 13 years in power. on the other, 12 years of powerlessness. yvette cooper was once a young rising...

that event in just a few minutes. but, first, breaking tonight, ♪ the average price for a gallon of gasoline in this country is soaring past the $5 mark, a figure never before seen in the u.s. wall street took the skyrocketing inflation hard. the dow losing almost 3 percentage points today. the s&p 500 dropping nearly 4. the nasdaq losing four and two thirds. president biden continues to put the blame on others, vladimir putin, oil companies, but an increasing number of americans are...

showers —for england, and wales for the most part, its a dry day with some warm spells of sunshine throughout the day, really. now, on the satellite picture, we can see a lot of cloud coming into north western areas. and its this cloud thats bringing those widespread showers at the moment to northern ireland, scotland and a few into the north west of england as well. now, through the day, into the afternoon, those showers become a little bit less widespread, so therell be a bit more ...

good to be here, nick. im sorry to mention the powerlessness! when you watch the tory infighting this week, who is going to be leader? and nobody says keir starmer. its, "will it bejeremy hunt, will it be borisjohnson?" does it increase that sense of frustration, of not being in power? the frustration of not being able to do things is huge, and youre right, weve had 12 years of this now. we are nearly going to have been as long out of power as we were in power. and yes, theres just thi...

happened back in october and his family is pleading for justice. >> is representative and he join me now, david i want to play this -- soundbite from daniel and then get your reaction. watch. >> it makes me sick to my stomach seeing the people involved -- that harm danny walking around campus acting like they did nothing wrong. >> i do personally want to see specific kids get felony ds thats going to wake them up. and a misdemeanor is not going to wake them up. >> so david why havent t...

happened back in october and his family is pleading for justice. >> is representative and he join me now, david i want to play this -- soundbite from daniel and then get your reaction. watch. >> it makes me sick to my stomach seeing the people involved -- that harm danny walking around campus acting like they did nothing wrong. >> i do personally want to see specific kids get felony ds thats going to wake them up. and a misdemeanor is not going to wake them up. >> so david why havent t...

happened back in october and his family is pleading for justice. >> is representative and he join me now, david i want to play this -- soundbite from daniel and then get your reaction. watch. >> it makes me sick to my stomach seeing the people involved -- that harm danny walking around campus acting like they did nothing wrong. >> i do personally want to see specific kids get felony ds thats going to wake them up. and a misdemeanor is not going to wake them up. >> so david why havent t...

americans paying more at grocery stores on everything from eggs to ice cream. what president biden said today about gas prices and whos to blame. the fda says modernas covid vaccine is safe for children under 6. 18 million young kids now a step closer to becoming eligible for the shot. plus, where covid cases are surging again in the u.s. and the new decision from the cdc about covid testing that will impact international travelers. the dangerous heat wave sweeping across the count...